Law Company (Frozen Foods) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04551718 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

LAW COMPANY (FROZEN FOODS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

K W Law

Mrs C L Law

SECRETARY:

Mrs C L Law

REGISTERED OFFICE:

11 King Street

Kings Lynn

Norfolk

PE30 1ET

REGISTERED NUMBER:

04551718 (England and Wales)

ACCOUNTANTS:

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

FIXED ASSETS

Tangible assets

2

87,626

70,454

CURRENT ASSETS

Stocks

176,258

159,830

Debtors

83,568

83,510

Cash at bank and in hand

56,346

125,891

316,172

369,231

CREDITORS

Amounts falling due within one year

342,467

354,422

NET CURRENT (LIABILITIES)/ASSETS

(26,295

)

14,809

TOTAL ASSETS LESS CURRENT
LIABILITIES

61,331

85,263

PROVISIONS FOR LIABILITIES

17,525

14,091

NET ASSETS

43,806

71,172

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

42,806

70,172

SHAREHOLDERS' FUNDS

43,806

71,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 May 2017 and were signed on its behalf by:

Mrs C L Law - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider this basis to be

appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

181,101

Additions

36,309

At 30 November 2016

217,410

DEPRECIATION

At 1 December 2015

110,647

Charge for year

19,137

At 30 November 2016

129,784

NET BOOK VALUE

At 30 November 2016

87,626

At 30 November 2015

70,454

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1,000

Ordinary

£1

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A debenture is registered against the company in relation to a private mortgage taken out with their bank for K W

Law and Mrs C L Law.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Law Company (Frozen Foods) Limited for the year ended 30 November 2016 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Law Company (Frozen Foods) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Law Company (Frozen Foods) Limited and state those matters that we have agreed to state to the Board of Directors of Law Company (Frozen Foods) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Law Company (Frozen Foods) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Law Company (Frozen Foods) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Law Company (Frozen Foods) Limited. You consider that Law Company (Frozen Foods) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Law Company (Frozen Foods) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

9 May 2017